CedarOwl

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CedarOwl
Global Portfolio Update - up about 18% YTD in USD Terms

Global Portfolio Update - up about 18% YTD in USD Terms

Our Global Cedar Portfolio and our other Model Portfolios

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CedarOwl
Jun 19, 2025
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CedarOwl
CedarOwl
Global Portfolio Update - up about 18% YTD in USD Terms
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An update on our portfolios and what we are focusing on. We have three portfolios:

  • Cedar Portfolio - our flagship portfolio targeting outperformance at lower risk for which we have actual performance results over several years

  • CedarOwl Portfolio - a focused set of global equities targeting dividend income

  • Global Cedar Portfolio - our relatively new portfolio targeting outperformance at lower risk, emphasizing great cash-flowing businesses from around the world together with assets which target the preservation of purchasing power

Our Global Cedar Portfolio

We have put together a portfolio of assets with the following goals. Our performance data YTD is shown below relative to the S&P 500 benchmark. The data shown are in Singapore Dollars so that an additional 6% in currency appreciation of the Singapore Dollar relative to the USD needs to be factored in as well.

  • Some of the holdings include global equities which meet our investment philosophy and approach, based on using the principles of the Austrian School of Economics in investing

  • Some of the holdings include assets such as precious metals and certain cryptocurrencies (see our prior posting)

  • Some of the holdings are dividend-paying equities listed on exchanges in jurisdictions with little or no withholding taxes on dividends, allowing us to optimized the dividend revenues and reconciling on dividend taxes in our own jurisdiction

  • Minimizing or targeting no holdings of equites or assets listed on U.S. exchanges, given the potential for increasing tariffs/capital controls restricting or controlling trade and investment capital flows with the U.S., and given the potential for Section 899 of the “big beautiful bill” which, if passed by the U.S. Senate, could present significant and rising dividend withholding taxes on dividends and also other adverse new regulations on trade and investment in the U.S. - not to mention in addition the existing on-going trend of a depreciating U.S. Dollar (USD), presenting adverse currency risk especially for international investors

Here is the Total Return of our Global Cedar Portfolio below - note that the data is in Singapore Dollars (SGD) so that with the SGD appreciating relative to the USD by about 6% Year to Date (YTD) that gives overall about 18% YTD:

Below for paid subscribers is the complete spreadsheet of our model portfolios.

Become a paid subscriber today for access to the below, and to our entire postings, and to our model portfolios - for our best offer of less than $5 dollars a month - only $4.92 per month.

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